Diamonds and Dogs

4/1/25

PVH (PVH) jumps 18% on earnings. The Calvin Klein and Tommy Hilfiger owner saw strong sales over the holiday season, and a solid pace to start the year, but the recent executive orders, job cuts and tariff talks have slowed sales. PVH does expect the sales slump for the firm to end in 2025 after a sales decline of 5% in 2024.

J&J (JNJ) is down 6% as the bankruptcy judge in Texas dismissed J&J's latest attempt to settle thousands of lawsuits that allege its baby powder and other talc-based products caused ovarian cancer. The $10 billion settlement was rejected by Judge Christopher Lopez, who ruled that the company didn't offer enough time to properly collect the votes it needed from claimants.

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